Stock Analysis on Net

Philip Morris International Inc. (NYSE:PM)

This company has been moved to the archive! The financial data has not been updated since July 27, 2023.

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

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Historical Valuation Ratios (Summary)

Philip Morris International Inc., historical price multiples (quarterly data)

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Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Price to earnings (P/E) 19.02 17.50 17.54 15.87 16.58 17.60 18.37 16.43 17.54 17.03 16.55 14.43 16.76 15.71 18.94 16.94 17.01 16.87 15.08
Price to operating profit (P/OP) 13.68 13.05 12.96 11.31 11.81 12.37 12.90 11.42 12.23 11.95 11.43 9.86 11.29 10.67 12.92 11.81 12.01 11.82 10.48
Price to sales (P/S) 1.87 1.89 1.97 1.70 1.83 1.93 2.03 1.83 1.95 1.91 1.75 1.45 1.60 1.53 1.75 1.63 1.71 1.64 1.49
Price to book value (P/BV)

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Philip Morris International Inc. P/E ratio decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Philip Morris International Inc. P/OP ratio increased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Philip Morris International Inc. P/S ratio decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Price to Earnings (P/E)

Philip Morris International Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 1,552,345,193 1,552,196,682 1,550,232,895 1,550,202,305 1,550,163,328 1,550,110,316 1,549,827,817 1,556,827,680 1,558,540,992 1,558,536,997 1,557,451,856 1,557,315,937 1,557,287,371 1,557,129,538 1,555,911,930 1,555,874,621 1,555,839,852 1,555,802,811 1,554,584,344 1,554,523,901 1,554,506,845 1,554,473,725
Selected Financial Data (US$)
Net earnings attributable to PMI (in millions) 1,568 1,995 2,397 2,087 2,233 2,331 2,093 2,426 2,172 2,418 1,976 2,307 1,947 1,826 1,616 1,896 2,319 1,354 1,910 2,247 2,198 1,556
Earnings per share (EPS)2 5.18 5.61 5.84 5.64 5.86 5.82 5.88 5.78 5.69 5.55 5.17 4.94 4.68 4.92 4.62 4.81 5.03 4.95 5.09 0.00 0.00 0.00
Share price1, 3 98.58 98.20 102.36 89.54 97.15 102.41 107.96 94.87 99.84 94.51 85.63 71.33 78.39 77.25 87.45 81.45 85.63 83.59 76.73 90.63 84.46 81.49
Valuation Ratio
P/E ratio4 19.02 17.50 17.54 15.87 16.58 17.60 18.37 16.43 17.54 17.03 16.55 14.43 16.76 15.71 18.94 16.94 17.01 16.87 15.08
Benchmarks
P/E Ratio, Competitors5
Altria Group Inc. 11.76 15.06 14.42 17.33 45.23 33.20 37.80 29.51 19.72 19.88 18.14 91.35
Coca-Cola Co. 25.69 27.85 27.12 25.88 28.47 27.84 27.63 27.47 30.49 32.01 27.91 26.14 22.66 19.48 28.21
Mondelēz International Inc. 23.78 25.50 33.07 26.93 22.33 21.13 21.64 19.22 21.14 22.62 22.33 24.91 23.66 19.74 21.72
PepsiCo Inc. 32.68 39.71 26.71 24.02 25.33 23.57 30.58 25.66 25.76 26.23 26.15 27.64 27.27 26.13 27.83

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q2 2023 Calculation
EPS = (Net earnings attributable to PMIQ2 2023 + Net earnings attributable to PMIQ1 2023 + Net earnings attributable to PMIQ4 2022 + Net earnings attributable to PMIQ3 2022) ÷ No. shares of common stock outstanding
= (1,568,000,000 + 1,995,000,000 + 2,397,000,000 + 2,087,000,000) ÷ 1,552,345,193 = 5.18

3 Closing price as at the filing date of Philip Morris International Inc. Quarterly or Annual Report.

4 Q2 2023 Calculation
P/E ratio = Share price ÷ EPS
= 98.58 ÷ 5.18 = 19.02

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Philip Morris International Inc. P/E ratio decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level.

Price to Operating Profit (P/OP)

Philip Morris International Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 1,552,345,193 1,552,196,682 1,550,232,895 1,550,202,305 1,550,163,328 1,550,110,316 1,549,827,817 1,556,827,680 1,558,540,992 1,558,536,997 1,557,451,856 1,557,315,937 1,557,287,371 1,557,129,538 1,555,911,930 1,555,874,621 1,555,839,852 1,555,802,811 1,554,584,344 1,554,523,901 1,554,506,845 1,554,473,725
Selected Financial Data (US$)
Operating income (in millions) 2,566 2,731 2,924 2,968 3,056 3,298 2,947 3,455 3,129 3,444 2,905 3,243 2,731 2,789 2,506 2,788 3,187 2,050 2,702 3,156 3,093 2,426
Operating profit per share2 7.21 7.52 7.90 7.91 8.23 8.28 8.37 8.31 8.16 7.91 7.49 7.24 6.94 7.24 6.77 6.89 7.13 7.07 7.32 0.00 0.00 0.00
Share price1, 3 98.58 98.20 102.36 89.54 97.15 102.41 107.96 94.87 99.84 94.51 85.63 71.33 78.39 77.25 87.45 81.45 85.63 83.59 76.73 90.63 84.46 81.49
Valuation Ratio
P/OP ratio4 13.68 13.05 12.96 11.31 11.81 12.37 12.90 11.42 12.23 11.95 11.43 9.86 11.29 10.67 12.92 11.81 12.01 11.82 10.48
Benchmarks
P/OP Ratio, Competitors5
Altria Group Inc. 6.92 7.14 6.97 6.88 6.79 8.50 8.09 7.18 7.71 7.68 7.45 6.26 7.36 7.00 7.65
Coca-Cola Co. 24.70 25.28 23.72 24.45 26.41 26.11 26.19 22.06 23.74 24.74 24.03 24.68 23.08 19.45 24.95
Mondelēz International Inc. 22.16 25.48 25.43 21.64 19.09 19.85 20.00 18.62 20.54 19.98 20.60 21.56 24.21 19.89 21.87
PepsiCo Inc. 24.69 29.45 20.67 17.60 17.90 16.97 20.87 18.28 18.75 18.78 18.47 19.55 19.07 18.53 19.78

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q2 2023 Calculation
Operating profit per share = (Operating incomeQ2 2023 + Operating incomeQ1 2023 + Operating incomeQ4 2022 + Operating incomeQ3 2022) ÷ No. shares of common stock outstanding
= (2,566,000,000 + 2,731,000,000 + 2,924,000,000 + 2,968,000,000) ÷ 1,552,345,193 = 7.21

3 Closing price as at the filing date of Philip Morris International Inc. Quarterly or Annual Report.

4 Q2 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 98.58 ÷ 7.21 = 13.68

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Philip Morris International Inc. P/OP ratio increased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Price to Sales (P/S)

Philip Morris International Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 1,552,345,193 1,552,196,682 1,550,232,895 1,550,202,305 1,550,163,328 1,550,110,316 1,549,827,817 1,556,827,680 1,558,540,992 1,558,536,997 1,557,451,856 1,557,315,937 1,557,287,371 1,557,129,538 1,555,911,930 1,555,874,621 1,555,839,852 1,555,802,811 1,554,584,344 1,554,523,901 1,554,506,845 1,554,473,725
Selected Financial Data (US$)
Revenues including excise taxes (in millions) 21,716 19,318 20,031 20,888 20,409 19,341 20,830 21,617 20,421 19,355 19,531 20,444 17,819 18,253 19,849 20,380 19,987 17,705 19,858 20,439 21,100 18,426
Sales per share2 52.79 51.96 52.04 52.55 53.02 53.03 53.05 51.98 51.17 49.50 48.83 49.04 49.00 50.39 50.08 50.09 50.13 50.84 51.35 0.00 0.00 0.00
Share price1, 3 98.58 98.20 102.36 89.54 97.15 102.41 107.96 94.87 99.84 94.51 85.63 71.33 78.39 77.25 87.45 81.45 85.63 83.59 76.73 90.63 84.46 81.49
Valuation Ratio
P/S ratio4 1.87 1.89 1.97 1.70 1.83 1.93 2.03 1.83 1.95 1.91 1.75 1.45 1.60 1.53 1.75 1.63 1.71 1.64 1.49
Benchmarks
P/S Ratio, Competitors5
Altria Group Inc. 3.22 3.38 3.31 3.23 3.11 3.86 3.60 3.14 3.39 3.34 3.10 2.59 3.02 2.82 3.14
Coca-Cola Co. 6.12 6.32 6.02 6.07 6.59 7.15 6.99 6.40 6.76 6.91 6.55 6.51 6.07 5.25 6.75
Mondelēz International Inc. 2.88 3.06 2.85 2.77 2.89 3.03 3.24 3.02 3.27 3.15 2.99 2.97 3.13 2.80 3.25
PepsiCo Inc. 2.86 2.97 2.75 2.79 2.86 2.96 2.93 2.72 2.83 2.76 2.65 2.84 2.76 2.78 3.03

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q2 2023 Calculation
Sales per share = (Revenues including excise taxesQ2 2023 + Revenues including excise taxesQ1 2023 + Revenues including excise taxesQ4 2022 + Revenues including excise taxesQ3 2022) ÷ No. shares of common stock outstanding
= (21,716,000,000 + 19,318,000,000 + 20,031,000,000 + 20,888,000,000) ÷ 1,552,345,193 = 52.79

3 Closing price as at the filing date of Philip Morris International Inc. Quarterly or Annual Report.

4 Q2 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 98.58 ÷ 52.79 = 1.87

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Philip Morris International Inc. P/S ratio decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Price to Book Value (P/BV)

Philip Morris International Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 1,552,345,193 1,552,196,682 1,550,232,895 1,550,202,305 1,550,163,328 1,550,110,316 1,549,827,817 1,556,827,680 1,558,540,992 1,558,536,997 1,557,451,856 1,557,315,937 1,557,287,371 1,557,129,538 1,555,911,930 1,555,874,621 1,555,839,852 1,555,802,811 1,554,584,344 1,554,523,901 1,554,506,845 1,554,473,725
Selected Financial Data (US$)
Total PMI stockholders’ deficit (in millions) (9,703) (8,924) (8,957) (9,137) (9,044) (10,098) (10,106) (10,551) (11,113) (11,548) (12,567) (12,092) (11,997) (12,944) (11,577) (11,010) (11,199) (11,968) (12,459) (11,720) (11,915) (12,350)
Book value per share (BVPS)2 -6.25 -5.75 -5.78 -5.89 -5.83 -6.51 -6.52 -6.78 -7.13 -7.41 -8.07 -7.76 -7.70 -8.31 -7.44 -7.08 -7.20 -7.69 -8.01 -7.54 -7.66 -7.94
Share price1, 3 98.58 98.20 102.36 89.54 97.15 102.41 107.96 94.87 99.84 94.51 85.63 71.33 78.39 77.25 87.45 81.45 85.63 83.59 76.73 90.63 84.46 81.49
Valuation Ratio
P/BV ratio4
Benchmarks
P/BV Ratio, Competitors5
Altria Group Inc. 27.52 29.61 28.54 21.36 13.59 11.15 12.69 7.93 6.26 6.83
Coca-Cola Co. 10.38 10.90 10.73 11.26 11.85 11.55 11.74 10.91 11.07 11.35 11.20 11.70 11.91 10.75 13.26 12.50 12.48 11.51
Mondelēz International Inc. 3.44 3.56 3.34 3.17 3.14 3.15 3.29 3.09 3.31 3.16 2.88 2.89 3.12 2.84 3.08 2.79 2.96 2.88
PepsiCo Inc. 14.60 15.34 13.88 12.30 12.61 13.16 14.52 13.16 13.82 14.10 13.84 14.43 14.95 14.05 13.76 13.61 13.20 12.54

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q2 2023 Calculation
BVPS = Total PMI stockholders’ deficit ÷ No. shares of common stock outstanding
= -9,703,000,000 ÷ 1,552,345,193 = -6.25

3 Closing price as at the filing date of Philip Morris International Inc. Quarterly or Annual Report.

4 Q2 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 98.58 ÷ -6.25 =

5 Click competitor name to see calculations.